Leasehold Beauty And Holistic Salon In Derby Price Reduced For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £29,000 pa with a net profit of £10,000 (see financial summary below).
- A business with great potential.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides an extensive range of therapies including waxing, eye treatments, tanning, body wraps, nails, pedicures, reflexology, reiki, massage, hot stone therapy and facials. For a more detailed list of all services provided please contact us at Phoenix Business Agents Ltd

History
Phoenix Business Transfer Agents are delighted to place onto the market this Leasehold Beauty & Holistic Salon which has been established since 2007. The business has been in the hands of the current owner since 2007 and she now wishes to sell due to retirement.

Services
This very good business opportunity provides an extensive range of therapies including waxing, eye treatments, tanning, body wraps, nails, pedicures, reflexology, reiki, Swedish massage, hot stone therapy and facials.

Staffing
The concern employs no staff and is family run.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
The owner markets the business on Yell.com and Facebook, and has a website.

Competition
There is no local competition.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Monday and Sunday trading.
• Increasing the income of the business by renting treatment rooms to self-employed therapists.
• Becoming more efficient with staffing levels.
• With an enhanced website.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Property information

Location:

- Situated in the City Centre of Derby.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- Industrial estates nearby.
- Surrounded by a densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the M1, A601, A52 and A5111.
- Nottingham, Burton-on-Trent and Loughborough all lie close by.
- Area enjoying much growth and regeneration.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced, part of a parade of shops and is approximately 500 sq ft. There are manual shutters. The main customer service area is wooden. It is very well presented and is very conveniently laid out.

There is a comfortable reception and waiting area, two tanning rooms, one treatment room, space to add another treatment room and an office. There is a toilet and staff facilities.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Monday and Sunday trading.
• Increasing the income of the business by renting treatment rooms to self-employed therapists.
• Becoming more efficient with staffing levels.
• With an enhanced website

Competition / Market:

There is no local competition.

Reasons for selling:

Retirement

Trading hours:

Monday: Closed
Tuesday: 10am – 6pm
Wednesday: 10am – 5pm
Thursday: 10am – 8pm
Friday: 10am – 7pm
Saturday: 10am – 4pm
Sunday: Closed

Employees:

The concern employs no staff and is family run

Years established:

2007

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made

Furniture / Fixtures value:

£3,000 (included in the asking price)